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Your Essential Guide to Intellectual Property Rights

Intellectual Property Rights, a crucial legal framework, serve as a shield for intellectual property and intangible creations of the human mind. These include inventions, literary and artistic works, designs, and symbols used in commerce. Intellectual property rights play a pivotal role in fostering innovation and economic growth by significantly enhancing the incentive to create, invest […]

Ghana secures MoU on debt restructuring from bilateral creditors

Ghana has secured a Memorandum of Understanding (MoU) from the bilateral creditors on restructuring of their debts. This was after members of the official creditor committee and Ghana’s bilateral creditors managed to secure the necessary approvals from their respective countries and Parliament on the terms for restructuring Ghana’s debts as agreed earlier this year. Joy […]

March’s 25.8% rate poses no threat to disinflation trend – analyst

The recent hike in inflation in March was ‘not surprising’ and poses no significant threat to the general recent disinflationary trend, Head of Research at GBC Capital, Courage Boti, has said. Consumer inflation reached a new high of 25.8 percent in March 2024, the highest level since November of last year, according to data released […]

GNPC debt blamed on activities beyond mandate – PIAC

Coordinator for the Public Interest and Accountability Committee (PIAC), Isaac Dwamena, has stated that a major action that has plunged the Ghana National Petroleum Company (GNPC) into its current debt is that they engage in activities other than their constitutional mandate. He stated that the current situation sees GNPC shouldering responsibilities that traditionally fall under […]

Performance Tracker: Over 13,000 projects validated so far – Oppong Nkrumah

The Minister of Works and Housing, Kojo Oppong Nkrumah, has revealed that the newly launched Performance Tracker is aimed at ensuring transparency and accountability in the execution of infrastructure projects across the country. He added that the tracker will help address longstanding concerns about the accuracy and reliability of project presentations, particularly the use of […]

NPA backtracks on suspension of Price Stabilization and Recovery Levy

The National Petroleum Authority (NPA) has issued a directive to reinstate the Price Stabilization and Recovery Levy in the price build-up for petroleum products, effective April 4, 2024. This decision was communicated through a letter to industry players obtained by Citi Business News, signed by the Deputy Chief Executive Officer of the NPA, Curtis Perry […]

Editorial: Testing and certification in furniture industry implementation soon

The Ghana Standards Authority (GSA) announced its decision to implement testing and certification in the furniture industry. According to the GSA, of the 20 plastic chairs purchased from various companies across the country randomly, none met the standard criteria. This was disclosed by the Director-General of the GSA, Professor Alexander Dodoo, during a stakeholders’ meeting […]

Ghana Ports to rollout maritime single window initiative in April

Plans are far advanced for the rollout of the maritime single window program intended to facilitate vessel clearance at Ghana’s ports. The digital platform will incorporate the activities of shipping lines and regulatory agencies and enable them share information so far as the clearance of vessels at the port is concerned. This is in line […]

Size of Ghana’s economy hits GH¢841.63bn in 2023 – GSS

The size of Ghana’s economy stood at GH¢841.63 billion in 2023, the Ghana Statistical Services has revealed. This includes net indirect taxes estimated at GH¢58.74 billion. In 2022, the size of the country’s economy or Gross Domestic Product was estimated at GH614.33 billion. According to the Ghana Statistical Services, the services sector constituted the biggest […]

Tourism generated US$3bn last year

The tourism sector generated approximately US$3billion during the 2023 operational year from inbound tourist arrivals, against a projected US$3.4billion, according to the Ghana Tourism Authority (GTA). At the launch of the 2022 Tourism Report last year, the Ministry of Tourism, Arts and Culture (MoTAC) and the GTA set a target of attracting 1.2 million international […]